Small business grant for non rate payers?

supersherl

Jeremy535897 said:

From FAQs for local authorities:
21. If a hereditament does not resume trading after the shutdown, is it still eligible for a cash grant? Yes, as long as the business is not in liquidation or dissolved when the grant is awarded, and otherwise meets all applicable conditions (including not being an undertaking in distress on 21 December 2019 – see Q73), it is eligible for a grant.

Thanks Jeremy much appreciated.

Jeremy535897

supersherl said:

Thanks Herman, but do you have any knowledge of the rental situation and whether I need to be in the property for a period of time for this grant to be given? I know of people who have given notice on the office property that has allowed them to claim a grant but im not sure if that is something you can do? Thanks in advance.

As I said above, the business does not have to reopen, but it has to exist, and not be in liquidation or administration at the time the grant is awarded, and not have been in distress on 21 December 2019. Wait until the money is in the bank.

Hesel18

this from GOV.UK website

The Business Secretary Alok Sharma and Minister for Regional Growth and Local Government, Simon Clarke spoke to local authorities in England yesterday to set out that up to £617 million would be made available.

This is an additional 5% uplift to the £12.33 billion funding previously announced for the Small Business Grants Fund (SBGF) and the Retail, Hospitality and Leisure Grants Fund (RHLGF), so up to £617 million. We will confirm the exact amount for each local authority next week.

This additional fund is aimed at small businesses with ongoing fixed property-related costs. We are asking local authorities to prioritise businesses in shared spaces, regular market traders, small charity properties that would meet the criteria for Small Business Rates Relief, and bed and breakfasts that pay council tax rather than business rates. But local authorities may choose to make payments to other businesses based on local economic need. The allocation of funding will be at the discretion of local authorities.

Businesses must be small, under 50 employees, and they must also be able to demonstrate that they have seen a significant drop of income due to Coronavirus restriction measures.

There will be three levels of grant payments. The maximum will be £25,000. There will also be grants of £10,000. local authorities will have discretion to make payments of any amount under £10,000. It will be for councils to adapt this approach to local circumstances.

Further guidance for local authorities will be set out shortly.

Jeremy535897

https://www.gov.uk/government/news/top-up-to-local-business-grant-funds-scheme

jackroit

Hi
is this meant that if rent a property and have the lease and statements of paying rent to an office, but I'm not ratepayer, will I can get from this top-up?
Hesel18 said:

This additional fund is aimed at small businesses with ongoing fixed property-related costs. We are asking local authorities to prioritise businesses in shared spaces, regular market traders, small charity properties that would meet the criteria for Small Business Rates Relief, and bed and breakfasts that pay council tax rather than business rates. But local authorities may choose to make payments to other businesses based on local economic need. The allocation of funding will be at the discretion of local authorities.

Jeremy535897

Talk to your local authority. It is at their discretion.

Hesel18

click on Jeremys link, I cant post a link not been on long enough

Airwolf1

jackroit said:

Hi
is this meant that if rent a property and have the lease and statements of paying rent to an office, but I'm not ratepayer, will I can get from this top-up?
Hesel18 said:

This additional fund is aimed at small businesses with ongoing fixed property-related costs. We are asking local authorities to prioritise businesses in shared spaces, regular market traders, small charity properties that would meet the criteria for Small Business Rates Relief, and bed and breakfasts that pay council tax rather than business rates. But local authorities may choose to make payments to other businesses based on local economic need. The allocation of funding will be at the discretion of local authorities.

It will be at the Council's discretion. Council's are expecting to hear more next week about this. But there are some criteria, eg, ongoing fixed property related costs and others.